The concept of entrepreneurship was developed for the first time by French people, more than four centuries ago. To begin with, they recognised the idea of entrepreneurship as an activity dealing with military operations or expeditions. Later in the 17th century, the idea of business ventures was also included in the entrepreneurship activity.


It is a challenging subject for the technical people who really work for the economic development of country. The main purpose of giving such education is to step up the economic development and to make the country worthy of competition. A student who is concerned with such a subject must have in his mind a clear idea about the meaning of entrepreneurship. Entrepreneurship works as a catalyst in the economic development. Many research studies have so far been carried out on this subject. In the course of time French people regarded an entrepreneur as a person translating profitable ideas into a productive activity. However, because of tremendous changes in the social, economical and technological developments in the business activities all over the world, the concept of entrepreneurship has also undergone radical changes. Those who are bold enough and possess innovative abilities, zeal and enthusiam can only fit themselves into such a challenging business environment. The people gifted with such qualities can be considered as entrepreneurs. Entrepreneurship development is a national mission (objective). Promotion of entrepreneurship among technically qualified persons is one of the major thurst  areas in industrial development. The endeavour has two fold objectives, one to achieve technological upgradation and diversification persons into the field of industrial entrepreneurship and the second to inculcate the spirit of self-employment in as many educated persons as possible. Self-employment implies creation of a job for one self by engaging in a gainful economic activity and utilising one’s creativity, skill or talent for earning livelihood. A self-employed person is his own master, but then self-enterprise suits only to those who are painstaking and are capable of exercising initiative and enthusiasm for meeting the challenges. There is a wide scope for self-employment both in industry as well as in business.